Nottingham Advisors Inc. Has $227,000 Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Nottingham Advisors Inc. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 86.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,880 shares of the apparel and home fashions retailer's stock after selling 11,516 shares during the period. Nottingham Advisors Inc.'s holdings in TJX Companies were worth $227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TJX. OneAscent Financial Services LLC increased its holdings in shares of TJX Companies by 28.6% in the 4th quarter. OneAscent Financial Services LLC now owns 3,408 shares of the apparel and home fashions retailer's stock valued at $412,000 after acquiring an additional 758 shares during the last quarter. Cinctive Capital Management LP boosted its holdings in TJX Companies by 0.6% in the fourth quarter. Cinctive Capital Management LP now owns 68,673 shares of the apparel and home fashions retailer's stock worth $8,296,000 after purchasing an additional 397 shares during the period. Bryce Point Capital LLC bought a new stake in TJX Companies during the fourth quarter valued at $543,000. Huntington National Bank increased its stake in TJX Companies by 3.4% during the fourth quarter. Huntington National Bank now owns 553,959 shares of the apparel and home fashions retailer's stock valued at $66,924,000 after purchasing an additional 18,154 shares during the last quarter. Finally, Intrepid Capital Management Inc. lifted its position in shares of TJX Companies by 7.2% in the 4th quarter. Intrepid Capital Management Inc. now owns 24,868 shares of the apparel and home fashions retailer's stock worth $3,004,000 after buying an additional 1,676 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

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TJX Companies Price Performance

NYSE TJX traded up $0.39 on Thursday, reaching $125.32. 11,385,422 shares of the stock traded hands, compared to its average volume of 5,238,064. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm's fifty day simple moving average is $121.70 and its 200 day simple moving average is $120.35. The company has a market cap of $140.88 billion, a price-to-earnings ratio of 29.49, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is 35.21%.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research reports. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $128.00 to $140.00 in a research note on Thursday. UBS Group raised their price target on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Guggenheim upped their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Barclays boosted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $135.76.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.